Sterlite Technologies Ltd. News and Updates

Name: Latest research reports of Sterlite Technologies Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Sterlite Technologies Ltd.
Rating: 3
Author: ICICI Securities Limited

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Sterlite Technologies Ltd.

23 Apr 2019

62.45

4.99%

Sterlite Tech Q4 net profit up 47% to Rs 165.17 cr

Business Line

Optical fibre maker Sterlite Technologies on Tuesday posted about 47 per cent rise in consolidated net profit to Rs 165.17 crore for the quarter end

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

18 Mar 2019

62.45

4.99%

Sterlite Technologies

Hold: Sterlite Technologies Ltd.

Recommendation Target

ICICI Securities Limited

The demand outlook for OF/OFC is strong, notwithstanding, recent pricing pressure, riding mainly on 5G, FTTx expansion and government initiatives for digital connectivity. However, the Chinese incident reflects the underlying lack of pricing power or commodity nature of the industry. With China's huge market share of ~50% in OF demand, the rub-off effect of pricing in other geographies cannot be ruled out. Moreover, huge capacity addition across the globe clouds the overall pricing outlook for OF/OFC. Therefore, we cut our revenue estimates for H2FY20 and FY21....

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

19 Feb 2019

62.45

4.99%

Sterlite Technologies (231.9): Buy

Business Line

Yoganand D The stock of Sterlite Technologies gained 6 per cent accompanied by an above average volume on Tuesday, witnessing buying interest. Trader

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

25 Jan 2019

62.45

4.99%

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

Target

ICICI Securities Limited

Sterlite Technologies' (STL) revenues came in at | 1334.9 crore, up 59.8% YoY, ahead of our expectation of | 1155 crore. Services formed ~30%+ (vs. 25% in Q2FY19) of the topline, with remaining...

Sterlite Technologies Ltd. is trading below all available SMAs

Sterlite Technologies Ltd.

19 Dec 2018

62.45

4.99%

Hughes bags Rs 100 cr contract from Sterlite Tech

Business Line

Satellite communications service provider Hughes India has bagged Rs 100 crore contract from broadband technology firm Sterlite Tech to provide satel

Sterlite Technologies Ltd. is trading below all available SMAs

Sterlite Technologies Ltd.

14 Dec 2018

62.45

4.99%

SOTL has corrected 25% from its peak last month. Investors are concerned about three thin...

Buy: Sterlite Technologies Ltd.

Target

Emkay

SOTL has corrected 25% from its peak last month. Investors are concerned about three things: 1) a fall in spot optic fiber (OF) prices; 2) a slowdown in OF orders from China Mobile in 2018; and 3) any delay in 5G rollout globally. We spoke to SOTL management and found that it is confident on achieving the USD100m net profit target by FY20E. We maintain our Buy rating as we do not see any risk to our FY19-21 earnings forecasts amid rising data consumption globally. Stock is available at 16.3x PER/9.4x EV/EBITDA FY20E. The ongoing proliferation of data networks should keep the demand for SOTL's products/services intact. In addition, China contributes just 10% to SOTL's sales now....

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

26 Nov 2018

62.45

4.99%

Pick of the Week:26 NOV 2018

Buy: Sterlite Technologies Ltd.

Target

Axis Direct

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

29 Oct 2018

62.45

4.99%

Sterlite Technologies (366): Buy

Business Line

The stock of Sterlite Technologies jumped 20.8 or 6 per cent with an above average volume on Monday, moving above a key medium-term resistance at 35

Sterlite Technologies Ltd. has lost -22.43% in the last 1 Month

Sterlite Technologies Ltd.

25 Oct 2018

62.45

4.99%

Sterlite Technologies

Buy: Sterlite Technologies Ltd.

ICICI Securities Limited

Revenue came in at | 1084.3 crore, up 39.1% YoY, much ahead our expectations of | 962.8 crore. In terms of revenues breakup, product formed ~75% of the topline, with remaining being services. Exports formed 45% of the overall revenues. The revenues were boosted by...